Overview

Unlike one-size-fits-all programs that are cost-intensive and unfairly balanced, a FAVR solution is an IRS-backed, tax-free program that is easy to use, fair, cost-effective and accurately reimburses employees for their fixed and variable costs. Fixed Costs Fixed costs are constant payments but are individually calculated for each employee based on factors such as vehicle type, annual business mileage and geography. They include depreciation, insurance, taxes and fees. Variable Costs Variable costs vary from month to month and are based on the number of business miles driven and geography. They include fuel and maintenance, including tire wear. With a FAVR program, everyone across the organization wins—decision makers can improve business results with an efficient, data-backed solution, drivers are set up for a hassle-free experience that delivers tax-free reimbursements and program admins can leverage powerful tools to monitor and manage their program.

• The Motus Platform powers our FAVR solution, providing accurate mileage reimbursement calculations across the mobile workforce and frequently updated cost components.
• Our simple set-it-and-forget-it approach makes capturing mileage virtually effortless and more accurate, helping reduce administrative burden and keeping costs lower.

Features

• IRS Compliance: Ensures adherence to IRS regulations for vehicle reimbursement.
• Customizable Configuration: Configured to your unique business needs. Eliminates the confusion and ineffectiveness of other programs by providing a system configured to your unique business needs.
• Streamlined Management: Tools to streamline management of a FAVR program, whether it’s five drivers or 5,000.
• Time Savings: Drivers can accomplish all their tasks in one system in less than 10 minutes per month.
• Data-Backed Solution: Improves business results with an efficient, data-backed solution
• Easy Transition: Motus partners with you to make the entire process simple.

Benefits

• Cost Savings: Significant cost savings while staying compliant with the IRS.
• Improved Efficiency: Real-time information for budgeting and expense tracking.
• Reduced Liability: Helps maintain compliance with insurance requirements and control liability exposure.
• Driver Satisfaction: Easy-to-use system that provides fair and accurate reimbursements.
• Hassle-Free Experience: Hassle-free experience that delivers tax-free reimbursements
• Powerful Tools: Program admins can leverage powerful tools to monitor and manage their program.